The film will chronicle the life and epic career of the "Candle in the Wind" singer. Lee Hall (Billy Elliot) wrote the script.

"We've always thought there was a wonderful cinematic opportunity to tell Elton's life story," Furnish told the magazine. "But we wanted to wait until the time was exactly right. Elton feels very excited about doing it now — he's in a very happy place in life right now and thinks it's a good time to artistically reflect on the past."

John and Furnish are currently on the hunt for a director and star — or possibly several actors — to portray the John. The script for Rocketman, which has already been completed, doesn't shy away from the low points of John's life. "Elton has lived a very extraordinary and unique life," Furnish continued. "You can't tell his life story without going to the dark places. We're going to touch on those too. But at the end, we want people to come away from the cinema feeling inspired and uplifted.